Gain since july and europe mixed for the time being. Our road map with more bad data from american retailers. Walmart sales and profits below estimates, kohls disappoints blaming on the weather or a weaker consumer. David tepper says theres a time to make money and a time to not lose money. Can you guess what time it is now . Cisco beats as sales fall. John chambers sends the stock higher. First up walmart did report numbers of 1. 10 a share, a nickel below, sales fell for a fifth consecutive quarter. The quarter forecast shy of consensus, weather shaved 3 cents a share off the q1 earnings, and kohls missed with quarterly results. Comps down 3. 4 , but walmart is the real story, jim. U. S. Comps down 1. 4, we were looking for a slightly positive number in this country. Comp traffic down 1. 4, really just not a great quarter. I like to scan these in preparation in coming up in the show and go over the release. Im looking for something positive, something that says double digit. So this
And briefly you said that took neither. This is a washington award, rather than looking at merits of, whether decision was right, what they are talking about republican who bucked party lines, bucked his voters, and said this is a mark of a good leader, president bush was a phenomenal lead or a lot of areas but this decision of very bad, he went to the table with democrats, asked for a deal on spending and taxes, taxpayers carried brunt of that decision, all those tax hikes were real, and came into effect, none of spending restraint materializeed. Neil what bothers me about the committees definition of bravery, that there are other areas to give that award to president bush senior. But this is not his most shineing moment, to say she was stphaoubgers by democrats on a deal that would call for twice as many spending cuts as tax hikes but that is me. You hear everyone in washington today talking about a grand bargain, when president obama stands up and said that it is republicans fall fo
More. And if we dont lead it the whole rest of the world will be destroyed because of it. Senior fellow chris horn or that and we have our fox biz allstars here. Chris to you, because, i thought this debate about whether we should commit more money to this, left out a person part we already have, a lot of money, what have we seen for it . Weve seen admissions of failure, they cross their arms, say isnt it time we began investing in these things, then they call them new technology. Winds was commercializeed in 1887. Solar in 1891, now they cross their arms, jimmy carter increaseed their subsidies, say time we begin investing in these losers, it is not about the climate, it is about as president said in 4 big speeches, it is about finally making renewibles profitable, that is not a legitimate government purpose, he said he will do it by bankrupting the things that work. That is what he is doing in the name of climate salvationism. We should. Out among the 77 billion we spend over years w
Promising for republicans. I remember 2010, which was a good year for them, but i also remember it was not a good year for them. We are talking about what trends we can discern this early on. What do you think max two i think its going to be a very good year. The bottom line is that republicans are facing this in the senate. They can also pick us up. At the same time republicans cant think that they have arrived. But they are going to win in 2015 just because they have a good november 4, 2014. They have to deal with these problems that they have. So this is going to do very well for republicans in november. 2016, its not going to be about Libby Quentin come all the republicans are going to be running, but it will be a different environment. Neil lets bring in ashley pratt. Republicans are ahead of getting a victory and yet another defeat lingers. So what happens is your . It is completely true. You look at 2010 and then you look at 2012 and what happened and it was just a nightmare. So
Corporate america continues cutting jobs to deal with the laws unintended consequences the urban institute, a leftleaning think tank, says obama should scrap a key component of the law all together, employer mandate. Backers of obamacare take the think tank seriously but will they take this controversial suggestion to heart now . We have washington correspondent peter barnes with the very latest. Peteer . Gerri, thats right. The urban Institute Published this paper that the government could eliminate the employer mandate without reducing Health Care Coverage that much nationally. The mandate says any company with more than 50 fulltime employees who work at least 30 hours a week must provide Health Insurance for them or face penalties. 9 institute says that requirement has been creating labor market distortions like pushing companies to higher fewer workers or reduce their hours. It site cites plans by lands end, Regal Entertainment and seaworld to name a few, to reduce hours of parttim